We forecast $400+ million in reported profit for FY17, up from $350 million in FY16.
Global fertilizer prices continue to push higher and an improved demand/supply situation is helping to sustain the rally in IPL’s share price.
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The stock is now close to full value and has rallied 20% since the Algo Engine buy signal back in July at $3.25.
IPL reports earnings on Tuesday the 14th of November.
IPL
